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Firstly the loans caused a scatter of two states worth of new homes to draft mediaocrocy to a build up of what would be the subtotal of loan help which over 25 yrs drafted out as a couple thousand dollars. So the whole territory should have never heard to much. The second equation was loss of loan availbilty due to hast to saturation of amounts of rehashing criterium of loans. This slowed production of concisely built business to slow on going procedures causeing a drop in financial gains in the Stock Market. Once the financial gains slowed in industry of production the gains in logistics or trucking industry on down the line from food sales to landscaping took place. The factor was siezure of accounts out of Libya causeing oil production payees to slow the market out. Also the medical insurance argument which took place around a "Holiday" where much of the territory spends money was a slow in merchandising due to sways all through the stock market as people also pulled and re translated money. Really wierd diagonals. Thanks, Scott
Wiki User
∙ 9y ago
Wiki User
∙ 15y agoThe US economy is plunging largely due to the fall of the housing market and the credit crisis. Consumers have been finding it hard to pay back loans made during good economic times. A global recession has taken foot and this has affected the US economy even further.
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This is because the economy is in bad shape right now. If people cannot afford to buy homes then construction companies are not going to be building as many either.
